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(MENAFN - AFP) US discount retailers Dollar Tree and Family Dollar announced Monday a $9.2 billion merger that will create a huge chain of more than 13,000 stores across North America.

Dollar Tree, which sells everything for $1 or less, will pay combination of $59.60 in cash and $14.90 equivalent in Dollar Tree shares for Family Dollar, and assume its debt. The cash-and-stock ...

 
(MENAFN - AFP) Britain's Lloyds Banking Group is to pay £218 million ($370 million, 276 million euros) in fines to British and US regulators for attempting to rig inter-bank lending rates, the bank said Monday.

"LBG announces that it has reached settlements totalling £218 million to resolve with UK and US federal authorities legacy issues regarding the manipulation several ...

 
(MENAFN - AFP) Online real estate website Zillow announced Monday it was buying rival Trulia in a $3.5 billion stock deal that merges the two main firms in the sector.

"Consumers love using Zillow and Trulia to find vital information about homes and connect with the best local real estate professionals," Zillow chief executive Spencer Rascoff said.

"This is a tremendous ...

 
(MENAFN - AFP) Muslims in Asia marked a grim Eid al-Fitr on Monday, overshadowed by several air tragedies, including the downing of Malaysia Airlines flight MH17, and conflicts in Gaza and Pakistan.

Afghan President Hamid Karzai in his message for Eid, the most important festival for Muslims marking the end of the fasting month of Ramadan, said the Islamic world was suffering.

"Hundreds ...

 
(MENAFN - AFP) Fist bumps are more hygienic than handshakes and drastically reduce the risk of spreading infectious diseases, researchers in Britain have found.

The study discovered that a handshake transfers 10 times as much bacteria as a fist bump, following a series of tests at Aberystwyth University on the west coast of Wales.

Doctor Dave Whitworth, who led the ...

 
(MENAFN - AFP) A court in India trying former business executives over one of India's biggest corporate fraud scandals at IT group Satyam delayed Monday its verdict until later this month, a lawyer said.

The former chairman of the outsourcing giant, B. Ramalinga Raju, and nine other accused including his brother have been on trial since 2010 for conspiracy, cheating and forgery.

The ...

 
(MENAFN - AFP) Spain's last big nationalised bank, Bankia, said on Monday its first-half net profit rose by almost half as its losses from bad loans dropped amid a pickup in the economy.

Net profit in the first six months of 2014 hit 431 million euros ($579 million) the bank said in a statement, compared to 291 million euros a year ago.

In the second quarter of the ...

 
(MENAFN - AFP) Emirates will stop flying over Iraq due to concerns over jihadist missile attacks following the MH17 air disaster in Ukraine, the airline's president Tim Clark told The Times on Monday.

Almost 300 people aboard Malaysia Airlines flight MH17 died when it came down in eastern Ukraine nearly two weeks ago, with Washington and Europe claiming it was shot down by ...

 
(MENAFN - AFP) Commerzbank, Germany's second-largest bank, is planning further cost-cutting measures that could lead it to axe several hundred jobs, a business newspaper reported Monday.

The bank is aiming to outsource part of its finance department, affecting accounting especially, in addition to restructuring measures already underway, reported the Handelsblatt daily.

A ...

 
(MENAFN - AFP) Britain's Lloyds Banking Group is to pay £218 million ($370 million, 276 million euros) in fines to British and US regulators for attempting to rig inter-bank lending rates, the bank said Monday.

"LBG announces that it has reached settlements totalling £218 million to resolve with UK and US federal authorities legacy issues regarding the manipulation several ...

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